Tech

Semiconductor chip sales on the rise due to AI demand

China led the rise in global chip sales in November, with the world’s second-largest economy buying 7.6 per cent more than a year earlier

Semiconductors are key components in a world that’s increasingly reliant on digital products and services

Global chip sales rose for the first time in more than a year in the latest indication of demand starting to rebound on the back of emerging technologies such as artificial intelligence.

Semiconductor revenue worldwide amounted to $48 billion in November last year in a 5.3 per cent increase from a year earlier, according to the Washington-based Semiconductor Industry Association. From a month earlier, sales rose 2.9 per cent, a more moderate increase compared with ...